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Collateral Network (COLT) Superior Functionality Propels It Ahead Of Huobi Token (HT) and Ripple (XRP) In Market Dominance

By
TI Partners
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0

In the world of cryptocurrency, there are always new and innovative projects emerging that aim to disrupt traditional financial systems and offer users a new way to conduct transactions. Among these projects are Huobi Token (HT), Ripple (XRP) and Collateral Network (COLT).

While all three cryptocurrencies have their unique features and benefits, only one stands out as the clear leader in functionality and market dominance. In this article, we will be discussing why Collateral Network (COLT) is appearing superior to Huobi Token (HT) and Ripple (XRP), and why it is poised to take over as the top cryptocurrency in the market with an estimated 35x gains in 6 months.

>>BUY COLT TOKENS NOW<<

Huobi Token (HT) recovers after a period of decline, but experts caution against investing

Huobi Token (HT) has seen a recent increase in value, with a price decline at the time of writing. However, this follows a period of decline for the Huobi Token (HT), which has lost value over the past 30 days.

While there has been some recovery in the past week, with a slight price increase, this may be due to uncertainty in the market following the FTX collapse. Some analysts speculate that the recent acquisition of Huobi Token (HT) by Capital Management may have contributed to the price surge, but it is unclear how long this will last.

Despite this, the acquisition is only a change in the company’s top shareholder and will not affect the day-to-day operations or management of the company. Thus, it is important to consider all factors before deciding to invest in Huobi Token (HT).

However, it is not certain that the value of Huobi Token (HT) will continue to decrease. The cryptocurrency market can be volatile and unpredictable, and it is possible that the price of Huobi Token (HT) could decline further due to the above factors.

>>BUY COLT TOKENS NOW<<

Falling Ripple (XRP) price makes it difficult for investors to recoup investments

Ripple (XRP) is another cryptocurrency that has struggled to maintain its market dominance in recent years. While Ripple (XRP) initially gained popularity for its ability to conduct low-cost international transactions and support a large number of cryptocurrencies, Ripple (XRP) has struggled to keep up with the rapid pace of change in the market.

One of the main reasons for the struggles for Ripple (XRP) is its falling prices, which has made it difficult for investors to recoup their investments. The bear market conditions have also hindered the ability of Ripple (XRP) to attract new users and grow, exacerbating its challenges.

The current Ripple (XRP) price is $0.388, with a decrease in value over the past 24 hours.

>>BUY COLT TOKENS NOW<<

Fast turnaround and competitive rates make Collateral Network (COLT) attractive for borrowers

In contrast to Huobi Token (HT) and Ripple (XRP), Collateral Network (COLT) is a revolutionary new platform that is changing the way people borrow and lend money. As the world’s first crowdlending platform for non-fungible tokens (NFTs), Collateral Network (COLT) is making it easy for borrowers around the world to unlock cash from their physical assets on the blockchain.

With Collateral Network (COLT), users can become their own banks and provide fractional loans to other borrowers for an agreed fixed rate of interest. Thus, borrowers can use their physical assets to release cash without needing to sell their assets or go through multiple hoops and ticking boxes.

One of the unique features of Collateral Network (COLT) is that it is the first project to mint NFTs against physical assets, fractionalizing them and allowing the community to fund the loans. This innovative approach allows borrowers to quickly and easily access cash from their assets, while also providing investors with an opportunity to earn a fixed income.

In addition to its superior functionality, Collateral Network (COLT) also offers a number of benefits for both borrowers and investors. For borrowers, the platform offers a fast turnaround time, with cash being available within 24 hours. It also provides privacy, as borrowers can borrow against their assets discreetly without leaving a footprint on their credit file.

Additionally, Collateral Network (COLT) is transparent, with all contractual information stored in the metadata of the NFT, which is published on the public blockchain, and cannot be altered or changed. Borrowers can also access competitive rates with flexible terms, making it a low-cost option.

The Collateral Network (COLT) presale is currently underway in its first phase and the price for tokens are only $0.01, with predictions for the price to increase 35x in the next 6 months.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Young People, The Future Has Promises and I want you to #Believe

By
Ndubuisi Ekekwe
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2

Young People, I shared a version of this post on my blog Tekedia immediately after the election results were called, but decided not to share it  on LinkedIn and Facebook, to avoid feeding a swamp. Sure, I reached out to some in my immediate world and told everyone to #believe and #hope.

But over the last few hours, I have been inundated to put a post after “Prince Patrick” who made a post on his frustrations in life, and who as I write, no one has been able to reach him, has become an suspect suicide victim [I have no capacity to verify the authenticity].

Nigeria’s economy is bad. Many may have been broken by many things including the elections. But note this: hope and unalloyed sheer optimism about you, and your future, must not be broken by election results. “Ndu bu isi” [life is the first thing in this world] is one of the most popular names in the Igbo Nation and I share that name; I did a non-academic study in Ovim (my village), and noticed that Ndubuisi was named within 1970-1980 than any other name there. Yes, after a war, parents who survived just said “we’re happy we are alive”. With that life, they believed new futures would emerge!

Yes, no matter the economic miry clay, we will survive. Indeed, no matter the challenges, please call your pastor, iman, family, classmate, etc and do not do crazy things. If your candidate lost, dream beyond that loss because there are promises in the FUTURE. I want you to focus on that future and #believe.

God bless the Youth of Nigeria and the Youth of all nations.

The Internet’s most Googled investing question is “How do I Invest in Crypto”

By
Paul Ugbede Godwin
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0

How do I invest in cryptocurrency?” is searched an average of 150,400 times each month around the world. The second most searched investment question is “How can I start investing?”, which is Googled 137,000 times each month.

Investing in cryptocurrency is primarily done online, via major cryptocurrency exchanges such as Coinbase or Binance. Usually, you will need to deposit some money, with different platforms requiring a different amount so make sure to do your research if you don’t want to deposit a larger sum to begin with.

Take some time to research which cryptocurrencies you’d like to invest in as the cryptocurrency market can often be volatile and you should take caution before investing. Any investor can purchase cryptocurrency from popular crypto exchanges such as Coinbase, apps such as Cash App, or through brokers. Another popular way to invest in cryptocurrencies is through financial derivatives, such as CME’s Bitcoin futures, or through other instruments, such as Bitcoin trusts and Bitcoin ETFs.

How you start investing can entirely depend on what you want to invest in. Similar to investing in cryptocurrency, you can trade and invest in stocks on the stock market via apps and websites which can provide a more autonomous experience to trading where you remain fully in control of where you invest your money. However, speaking to a broker can help if you’d rather have a professional handle any of your investments, this can make investing a lot easier if you’re considering investing a large amount of money.

The study by Investing Reviews analyzed thousands of investment-related search terms to see which is Googled the most, with the most common phrase questioning how to invest in cryptocurrency. The data indicated that the question is Googled on average 150,400 times every month around the world.

The second most common phrase is “How can I start investing?” which receives an estimated 137,000 average monthly searches online.

In third place is “How much should I invest when I start?” which is Googled 64,000 times a month on average.

The top five is rounded out by “What should I be investing in right now?” in fourth with 56,600 monthly searches, followed by 49,500 searches each month for “What is passive investing?”.

“How is return on investment calculated?” ranks as the sixth most searched investment question, thanks to an estimated average of 39,600 searches each month globally, followed in seventh by “Is cryptocurrency a good investment?” on 31,100 monthly searches.

Rounding out the eighth and ninth most asked investment questions is “How can I trade safely?” in eighth with 27,800 global monthly searches and “What is the safest investment to make?” with 19,200 global searches each month.

In tenth place is the question, “What are investment bonds?” which is Googled 9,400 times around the world each month on average.

Simon Jones from Investing Reviews provides the definitive answer to each of these key investment questions:

How much should I invest when I start? – 64,000 combined monthly global searches

There isn’t a specific amount of money that will automatically “work” when it comes to seeing a return on your investment when you begin. The important thing is to trust your instinct and do your research. If you are feeling hesitant to invest, start off with a smaller amount of money so that you’re not in a risky situation.

What should I be investing in right now? – 56,600 combined monthly global searches

There is no “right” thing to invest in at any one time as there are many factors that can contribute to whether the value of a stock or an item increases or decreases. However, there are steps you can take to see what might be worth investing in. Following the news, particularly business news, can give you an indication on what stocks you should invest in.

What is passive investing? – 49,500 combined monthly global searches

Passive investing is a strategy wherein the aim is to maximize your returns whilst minimizing your buying and selling. Typically, this works as a ‘buy and hold’ strategy and is a long-term form of investment. The benefit of this simplicity is that there isn’t a lot of active buying and selling, however this can have its drawbacks in that it’s so limited that quick returns aren’t always guaranteed.

How is return on investment calculated? – 39,600 combined monthly global searches

Return on investment (ROI) is relatively simple – it’s subtracting the initial investment cost from its final value before dividing this number by the cost of the investment. Calculating ROI is beneficial as you can spot trends, and see what is working and why, making all your future investments easier to strategize on.

Is cryptocurrency a good investment? – 31,100 combined monthly global searches

The cryptocurrency market is notoriously volatile and whilst this can mean you can get a fast return and make money quickly; you can’t risk losing it just as fast. Therefore, cryptocurrency investing can require a lot of time and effort and if this isn’t something you’re able to commit to, it might be worth looking at investing into something else. There are cryptocurrencies such as Bitcoin that are generally considered more ‘stable’ than others such as Dogecoin, however caution should still be practiced.

How can I trade safely? – 27,800 combined monthly global searches

If you have any reservations when it comes to any form of investment, the best recommendation is to talk to a professional. There are steps you can take on your own too that can protect you and your money:

Naira Cash Shortage Forces Citizens to Adopt Digital Payment Methods, Provides Boom For Fintechs

By
Ojukwu Emmanuel
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0
Fund, money cash dollar

The shortage of cash circulation in Nigeria has forced citizens in the country to adopt digital methods, which has provided a boon for Fintechs and mobile money operators.

Reports disclose that there has been growing panic among traditional banks in the country, over the rising popularity and increased adoption of digital banks.

Following the recent cash shortage in the country, due to the Central Bank of Nigeria’s (CBN) decision to redesign the higher denominations of the naira, many banks have shut out their customers in the past months due to cash shortage, with their digital payment channels grounded, automated teller machine (ATM) disabled, and over-the-counter (OTC) operations non-existent.

This has led to a surge in mobile transfers, however, it has been plagued with several challenges as transfers which often take a few seconds or minutes, now take 48 hours or more in some cases to deliver. A Fintech expert stated that the downtime recorded in most banking apps is triggered by a jump in transactions, noting that some of the banks’ IT a not scalable enough to handle the sudden surge in a transaction seen in the past months.

This has spurred customers to resort to Fintechs for transactions to ensure swift delivery of cash transfers. Several merchants in the country are also replacing traditional banks with digital platforms for customers wishing to settle their transactions via transfer.

For flexibility and low transaction costs, many young people as well as several businessmen and women have long embraced the likes of several digital banks such as Kuda, OPay, PalmPay, etc to transfer and receive money due to how swift and less problematic it is, compared to bank apps.

Some of these platforms have recorded five to over 10 million downloads. The number of downloads, however, only suggests the level of interest a platform has received from the market rather than the actual subscribers.

Some digital banks offer unlimited free transfers. The popular ones, which also give instant uncollateralized but expensive loans, allow their customers at least 30 free transfers in a month. There are also saving options where customers with excess funds could earn close to 20 percent interest rate.

Reports reveal that MTN, the country’s largest mobile network operator, is planning to rapidly expand its mobile wallet platform’s (MoMo) customer base. To boost adoption, MTN is deploying 224,000 new merchants nationwide in addition to the existing 1mn active merchants.

The lack of physical money in circulation has no doubt been a significant catalyst to the adoption of digital financial services, which has forced the citizens to adopt digital methods of payment. Despite the chaos that has ensued nationwide in response to the cash crunch, the circumstances are a positive development for fintech operations and mobile money operators.

It is however interesting to note that some banks in Nigeria are reportedly making a move to acquire some digital banking platforms as the latter is taking a sizable slice of the market.

On the other hand, the Central Bank of Nigeria (CBN) hopes that the growing use of e-payments will increase the number of citizens within the formal financial system and reduce reliance on cash as it navigates the country towards a cashless economy.

United States’ Statement on 2023 Nigeria’s Presidential Election

By
Tekedia Editors
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0

PRESS STATEMENT BY U.S. DEPARTMENT OF STATE
2023 Presidential Election Results in Nigeria
03/01/2023 07:55 PM EST

The United States congratulates the people of Nigeria, President-elect Tinubu, and all political leaders following the declaration by Nigeria’s Independent National Electoral Commission (INEC) on the results of the February 25 presidential election. ?This competitive election represents a new period for Nigerian politics and democracy. ?Each of the top three candidates was the leading vote-getter in 12 states, a remarkable first in Nigeria’s modern political era, reflecting the diversity of views that characterized the campaign and the wishes of Nigeria’s voters.

We understand that many Nigerians and some of the parties have expressed frustration about the manner in which the process was conducted and the shortcomings of technical elements that were used for the first time in a presidential election cycle.? Nigerians are clearly within their rights to have such concerns and should have high expectations for their electoral processes. We join other international observers in urging INEC to improve in the areas that need the most attention ahead of the March 11 gubernatorial elections.

There are well-established mechanisms in place for the adjudication of electoral disputes, and we encourage any candidate or party seeking to challenge the outcome to pursue redress through those mechanisms.? We call on all parties, candidates, and supporters to refrain from violence or inflammatory rhetoric at this critical time.
We commend the active participation of civil society and the media for advancing electoral norms and political discourse on issues of importance to citizens.? We note with concern reports that numerous members of the media were attacked during the course of the election, and we urge the government, security forces, political actors, and all citizens to respect the media’s critical role by refraining from any damaging acts against them and ensuring accountability for such acts when they do occur.? We also congratulate the Nigerian people, especially the large number of youths who are relatively new to the political process, for demonstrating their strong commitment to democracy.

Ned Price, Department Spokesperson
U.S. DEPARTMENT OF STATE

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